"Reduced marginal tax rates have stood the test of time...."

" They are an effective economic stimulant...."

Larry Kudlow goes on to point out that most of Eastern Europe has adopted a flat tax, and not surprisingly, their economies have taken off like a rocket.

Since Kudlow, brings up Eastern Europe, that reminds me...

Estonia is one of the fastest growing economies in the world (the annual GDP growth rate in 2006 amounted again 11.4%!) After their young Prime Minister, Mart Laar, read Milton Friedman's Free to Choose, Laar was inspired enough to reform Esonia's economy by adopting a flat tax. Now Estonia is known as "The Baltic Tiger".

I like the idea of a flat tax in the US, but when will it happen? When hell freezes over. But that's another post for another day.

No comments: